Contemplating retirement in a difficult economy can be worrisome. What if you don’t have enough assets to retire? Will inflation take a larger portion of your savings than you’d planned? And what about medical expenses? Have you planned well enough to cover them? Instead of worrying about what you don’t know, spend some time considering this. The Mexican real estate market is hot right now. You can build a Puerto Vallarta second home and the appreciation on this investment will offset much of your loss.
As an added bonus, the cost of living in Mexico is low, low, low. The primary expenses in retirement – medical care, prescription drugs, transportation, and energy – are much less expensive in Mexico than they are in the US. One reason people have to save so much to retire is that the cost of living in the US is so high.
Your retirement dollars can not only go much farther in Mexico, but the appreciation on your Puerto Vallarta second home will provide you with a large nest egg, should you choose to sell it at some point. Alternately, you can pass your Puerto Vallarta second home onto your children or grandchildren via your fideicomiso, enabling your Puerto Vallarta second home to bypass probate court.
A Puerto Vallarta second home is a great investment, whether you decide to move to Mexico or not. Many retirees choose to winter over in Puerto Vallarta and return to the US in the summertime. This part-time arrangement will enable you to establish residency for tax purposes within five years, provided that you spend at least six months per year in Mexico.
The climate in Puerto Vallarta is unbelievable and land here is relatively inexpensive. Buildable land is in high demand right now, and developers are buying properties all the time. There are few opportunities for individual investors who want to build a private residence and enjoy all that Puerto Vallarta has to offer.
Select Mexico Properties is offering a limited number of choice residential properties for sale. These hillside home sites overlook the Pacific Ocean and are located in the foothills of the Sierra Madres. You certainly won’t find more beautiful properties than these. If you want to learn more about what a Puerto Vallarta second home can do for your retirement plans, please contact a Select Mexico Properties sales representative today.
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